Streetbeat News

Regulatory

CEG

Constellation (NASDAQ:CEG) has issued the first corporate green bond in the U.S. for $900 million with a 30-year term to finance nuclear energy projects. This initiative underscores the role of nuclear energy in achieving sustainability goals and marks a significant step in green financing. The bond will fund investments in maintenance, expansion, and life extensions of nuclear power generation. Crédit Agricole CIB served as the Green Structuring agent for this offering, which aligns with the Green Bond Principles and Green Loan Principles.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:22 pm

RTC

Baijiayun Group Ltd (NASDAQ:RTC), an AI video solution provider, received a Nasdaq notice for not meeting the minimum bid price requirement. The company's share price has been below $1.00 for 30 consecutive trading days, violating Rule 5450(a)(1).

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:18 pm

BWA

LEV

The California Energy Commission awarded BorgWarner Inc. and partners Fermata Energy and The Lion Electric Company a $3M grant for a Vehicle-to-Grid project to support California school districts with electric school buses. This initiative aims to enhance energy management and transition to electric buses, providing grid-supporting and cost-saving solutions.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:50 am

GOOGL

NVDA

QQQ

SPY

Stock futures indicate a strong open, driven by Nvidia's AI conference and potential Alphabet-Apple partnership, despite concerns over Fed's upcoming meeting and recent inflation data. Nvidia and Alphabet stocks rose in premarket trading, while the broader market showed mixed reactions to inflation and interest rate expectations. Upcoming economic data and Fed decisions are anticipated to further influence market direction.

Portfolio Pulse from Shanthi Rexaline

March 18, 2024 | 11:37 am

TSVT

2seventy Bio's stock is trading higher following a positive vote from the FDA Advisory Committee on using Abecma for triple-class exposed multiple myeloma in earlier therapy lines.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:35 am

SPY

UNG

USO

On March 15th, U.S. markets fell, led by a downturn in technology stocks. Economic data showed a slight increase in industrial production, a significant drop in the NY Empire State Manufacturing Index, and a decrease in consumer sentiment. Asian markets, however, saw gains on March 18th, with Japan's Nikkei 225 leading. Speculation about the Bank of Japan's potential rate hike influenced markets. European markets were mixed, with slight gains in major indexes. Crude oil prices rose above $81. U.S. futures indicated mixed directions, and forex showed minor fluctuations.

Portfolio Pulse from Akanksha Bakshi

March 18, 2024 | 11:31 am

SPRC

SciSparc Ltd. (NASDAQ:SPRC), a clinical-stage pharmaceutical company, announced it has been granted a Canadian patent for its core technology combining cannabinoids and n-acylethanolamines. This patent is expected to strengthen SciSparc's proprietary technology, enhancing the safety of cannabinoids by using low dosages while maintaining therapeutic benefits.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:31 am

ACRHF

CURLF

GTBIF

New York Governor Kathy Hochul has ordered a comprehensive review of the state's cannabis licensing process to address inefficiencies and the proliferation of illicit pot shops. The review, led by Jeanette Moy, aims to expedite the application process and improve the Office of Cannabis Management (OCM). The OCM, criticized for its slow rollout and legal challenges, has processed only a fraction of the applications received. The situation has led to multiple lawsuits from entities including Acreage Holdings, Curaleaf Holdings, Green Thumb Industries, and PharmaCann, highlighting issues with the social equity program and application procedures.

Portfolio Pulse from Nina Zdinjak

March 18, 2024 | 11:25 am

GOEV

Canoo Inc (NASDAQ:GOEV) received approval from the U.S. Department of Commerce for its Oklahoma City facility to be designated as a Foreign Trade Zone (FTZ). This designation is expected to enhance Canoo's electric vehicle manufacturing strategy in the U.S., improve profitability, and accelerate the path to breakeven. The facility, which currently employs over 100 workers, aims to support up to 1,100 jobs at full capacity. The FTZ status will eliminate customs duties on vehicles sold internationally and defer duties on imported parts for domestic sales, potentially reducing vehicle costs by up to 5% on imported parts. Canoo sources over 90% of its parts from the U.S. and allied nations, with 70% coming from North America.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 11:22 am

NDAQ

Nasdaq has announced that the issues affecting connectivity have been successfully resolved. This news indicates a return to normal operations and could influence investor confidence positively.

Portfolio Pulse from Charles Gross

March 18, 2024 | 11:20 am